As states begin the process of re-opening businesses shuttered in response to the COVID-19 pandemic, Alston & Bird has launched a 50-State Opening Orders Tracker to summarize guidance on the resumption of business activities. We hope that you will find the tracker valuable. … [Continue reading] about Alston & Bird Launches State Opening Orders Tracker
A&B Abstract: On April 23, 2020, the attorneys general of 33 states, the District of Columbia and Puerto Rico (the “Attorneys General”) sent two letters, one to the Federal Housing Finance Agency (“FHFA”) and the other to the U.S. Department … [Continue reading] about Attorneys General Urge FHFA and HUD to Take Additional Measures to Protect Borrowers Affected by COVID-19
A&B Abstract: On March 24, 2020, Delaware Governor, John Carney, issued a Sixth Modification (the “Order”) to the Declaration of a State of Emergency (the “State of Emergency”) initially issued on March 12, 2020. The Order addresses a number … [Continue reading] about Delaware Governor Issues Order Restricting Residential Foreclosures and Evictions
A&B ABstract: On April 27, the FHFA provided clarification on the repayment of mortgage loan forbearance granted in response to the COVID-19 pandemic. FHFA Announcement On April 27, Federal Housing Finance Agency ("FHFA") Director Mark … [Continue reading] about FHFA Clarifies Repayment Requirements for GSE Forbearance Plans
A&B ABstract: A new Federal Housing Finance Agency policy brings clarity for mortgage servicers’ liquidity needs and provides a cap on servicer advancing obligations during the coronavirus pandemic. FHFA Clarification On April 21, 2020, the … [Continue reading] about FHFA Limits Servicer Advancing Obligations for Loans in COVID-19 Forbearance